TIM Brasil posted net profit growth in 2013 and saw its share of the country's mobile market creep upwards, it announced on Thursday.
The Brazilian mobile operator in particular highlighted its network expansion efforts over the past 12 months and pledged to continue in the same vein this year, despite the ongoing rumours about its future.
"Work will continue at an intense pace in 2014," said TIM Brasil CEO Rodrigo Abreu in his foreword to the company's results announcement.
At the end of 2013 there was much news and speculation about the future of TIM and the movement towards consolidation in the Brazilian market," Abreu said.
He reiterated the repeated comments made by parent company Telecom Italia in recent months that it considers its Brazilian unit to be a strategic asset.
"I am committed to ensuring that the rumours do not affect our operations...we will not let rumours and speculation about our company divert us from our strategic path," Abreu added.
Many industry watchers believe Telecom Italia will look to divest TIM Brasil in order to meet the requirements of Brazilian antitrust regulator CADE, which is unhappy that Telefonica holds an indirect stake in the Italian incumbent – and therefore in TIM Brasil – as well as controlling Brazilian mobile market leader Vivo. There have been reports that TIM will be sold off and its assets split between its rivals, including Vivo, although Telecom Italia last month denied taking part in any talks to that end.
Last week Telecom Italia announced that it has put a procedure in place that lays out the investigation and decision-making process required should it move to sell TIM Brasil, or indeed any other asset valued at €2 billion-plus.
In the fourth quarter of last year TIM Brasil posted a 7.9% increase in net profit to 499 million reais (€150 million), while full-year profit rose by 3.9% to BRL1.5 billion.
Full-year revenues were up 6.2% to BRL19.9 billion (€6 billion), while quarterly revenues grew by 3.1% to BRL5.2 billion. And EBITDA grew by 3.9% to BRL5.2 billion in 2013, and by 5.2% to BRL1.5 billion in Q4.
The operator ended 2013 with 73.4